Nvidia CEO Jensen Huang during an event in Taipei, Taiwan on June 2, 2024. – Photo: Annabelle Chih/Bloomberg (Getty Images) DeepSeek sparked a global tech stock sell-off that cost Nvidia $600 billion in market value. But JPMorgan (JPM) Chase says the AI chipmaker is bound to benefit from the Chinese startup. The Hangzhou-based artificial intelligence…
Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. RIA Advisors’ Lance Roberts says the banks are right. High valuations and potential inflation could lead to lower stock-market returns, Roberts says. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the…
How are banks responding to an era of massive tech disruption and the prospects of lower interest rate margins as global interest rates fall? The banking industry used to be a highly profitable business because interest rate margins – the difference between the lending rate and deposit costs – were high. In the 1960s, when…
Photo by Spencer Platt/Getty Images US stocks rose as September’s wholesale price data showed cooling inflation. The producer price index was flat, and core PPI rose less than expected in September. JPMorgan, Wells Fargo, and BlackRock shares climbed after beating earnings estimates. US stocks edged higher on Friday after Producer Price Index data for September…
JPMorgan (JPM) and Wells Fargo (WFC) kick off earnings season in earnest. Tesla shares tumble with investors left wanting more after Elon Musk unveiled the long-awaited Cybercab along with a demo of the new Robovan and Optimus robots. The Producer Price Index (PPI) print offers investors fresh economic data after a hotter-than-expected Consumer Price Index…
China has announced it will allow institutional investors to use central bank financing to make stock purchases. The Chinese government is now looking at creating a market stabilization fund starting with an initial pool of 800 billion yuan – $113 billion – to be injected into equities markets, Bloomberg reports. Governor Pan Gongsheng said Beijing…
Costfoto/NurPhoto/Getty Images, Tyler Le/BI Beijing’s latest housing-support measures won’t fix China’s property crisis, JPMorgan wrote. The nation announced this week that it will reduce mortgage rates and downpayment rules. That’s unlikely to boost much-needed consumption in the sector, JPMorgan said. China’s all-out stimulus package will fail to meaningfully reverse ongoing chaos in the nation’s property…
China’s all-out stimulus package will fail to meaningfully reverse ongoing chaos in the nation’s property market, JPMorgan said in new research. Though Beijing committed on Tuesday to reduce mortgage rates and downpayment rules, the bank said these efforts will not bolster housing consumption as hoped. “These measures are unlikely a game changer,” strategists led by…